Trump lawyers secure deal to delay financial disclosure

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26. May 201

9, 01:16 UTC

By Kristen Welker and Dennis Romero

The lawyers of President Donald Trump said on Saturday they reached an agreement with the congressional leaders on the delay in handing over Trump bank documents ,

Trump records by Deutsche Bank and Capital One are being sought by the boards of House Intelligence and Financial Services for alleged foreign influences on the US elections.

The agreement was first reported by CNN; it was later confirmed by NBC News.

On Wednesday, a federal judge ruled that banks could hand over documents requested in congressional summonses. However, the chairmen of these committees have agreed with Trump's team to stop the court-approved transfer, while the case is being challenged by the president's lawyers.

In return for pressing the Pause button, the committee chairs have received a pledge from the lawyers to hold the transfer an accelerated appeals procedure.

"I can confirm that an agreement has been reached with the House on the suspension of the summons," said the President's external lawyer, Jay Sekulov, in a statement.

The president's lawyers "agreed to an accelerated appeal," he said. "However, the court will set the final timetable."

Following Wednesday's verdict, Deutsche Bank announced the handover of the requested documents. Capital One did not comment immediately.

Deutsche Bank lent millions of dollars to Trump's real estate company before becoming president. Trump is doing part of his personal banking business with Capitol One.